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Friday, December 15, 2017

Wilhelmsen Asa News

Purchase of Shares in Wilh.Wilhelmsen ASA

Deputy CEO in Wilh.Wilhelmsen ASA Sjur Galtung has through his wholly owned company Sjel Invest AS purchased 3000 shares of class A in Wilh.Wilhelmsen ASA at NOK 110 per share.After the transaction, Galtung owns and controls 61 489 shares of class A and 82 957 shares of class B in Wilh.Wilhelmsen ASA

Wilhelmsen, Wallenius One Step Closer to Merger

Thomas Wilhelmsen, group CEO Photo Wilhelmsen

Wilhelmsen and Wallenius have signed an agreement leading to a new ownership structure for their jointly owned investments in Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Roll on Roll off Carrier. Signing the transaction agreement is an important milestone in the merger as announced in September,” says Jan Eyvin Wang, president and CEO of Wilh. Wilhelmsen ASA. “The final go ahead is pending approval from competition authorities and the respective entities’ shareholders.” Wilh.

Contract For Three New Car Carriers

Wilh. Wilhelmsen ASA has entered into a contract with Ray Shipping regarding the charter of 3 car carriers on a 15 year timecharter with options. Wilh. Wilhelmsen ASA has entered into a contract with Ray Shipping regarding the charter of 3 car carriers on a 15 year timecharter with options.

Wilhelmsen and Wallenius to Merge

Courtesy Wilhelmsen

Wilhelmsen and Wallenius have signed a letter of intent to establish a new ownership structure for their jointly owned investments. The new entity, Wallenius Wilhelmsen Logistics ASA, will form a more efficient management structure and enable further synergies between the joint ventures. “The markets in which the jointly owned entities operate are going through rapid change and require a more agile and efficient business model. In addition to establishing a common owner and governance structure…

Wilh. Wilhelmsen Launches Next Generation Cargo Vessel

(Lysaker, 23 March 2011): The Wilh. Wilhelmsen group has launched its 150th anniversary vessel, MV Tønsberg, into operation. The Mark V class is the most sophisticated vessel ever built in the roll-on roll-off segment. “We expect that Mark V will strengthen our position as the global market leader within deep sea roll-on roll-off transport”, says Jan Eyvin Wang, president and CEO of Wilh. Wilhelmsen ASA, representing the owner of the vessel. “The Mark V class is the most sophisticated ro-ro vessels ever built, with major innovative design criteria such as high ramp capacity, deck strength and height, low fuel consumption, good transportation economy and safe cargo handling.

Fair Competition Authorites Quiz WWH

Wilh. Wilhelmsen Holding shipping segment under investigation by competition authorities. Wilh. "In addition, Wilh. Wilhelmsen ASA's (owned 72.7% by WWH) partly owned companies Wallenius Wilhelmsen Logistics and EUKOR Car Carriers have been visited by Japanese authorities as part of an investigation related to the Japan Anti Monopoly Act. Further, WWL has received requests for information from the EU Commission and both WWL and EUKOR have received requests for information from federal US authorities and the Competition Bureau Canada. The purpose of these requests is to ascertain whether  
there is evidence of any infringement of competition law related to possible price cooperation between carriers and allocation of customers.

Wilh. Wilhelmsen ASA Places Bonds

Wilh. Wilhelmsen ASA reported it has successfully completed a placement in the Norwegian bond market. The company has through a combination of placement of own bonds in WWI13 and by tapping the same loan in aggregate placed a total amount of NOK 560.5 million. WWI13 has final maturity November 15, 2012. In connection with the placement, Wilh. Wilhelmsen ASA has bought back bonds amounting to NOK 65 million in WWI11 (NO 001027575.3), NOK 75 million in WWI16 (NO 001030107.0) and NOK 80 million in WWI06 (NO 00102504.8). WWI13 - issued amount increased from NOK 800 million to NOK 1 billion. WW ASA's own holdings decreased from NOK 489 million to NOK 128.5 million. WWI06 - no change of issued amount. WW ASA's own holdings increased from NOK 196 million to NOK 276 million.

Wallenius Willhelmsen Makes Agreement With HMM

Wilh, Wilhelmsen ASA and Wallenius have jointly signed a Memorandum of Understanding with the Korean company Hyundai Merchant Marine (HMM) for the possible acquisition of the the car carrier division of HMM which would continue to be operated as a separate company with its Korean profile.

Wallenius Wilhelmsen Logistics: No Change in Long Term Ownership Structure

* The Norwegian Wilhelmsen family sees no change in the planned ownership structure in Wilh. * The current plan is that Wilh. * "I don't think their plan is to sell shares (from the planned 40 percent). There has been no indication on that. We both have good long term systems and we want to the see the effects of this in the merger and to improve the constellation", chief executive officer Thomas Wilhelmsen in Wilh.

Wilhelmsen Appoints Hole Business Director

Photo courtesy ClearLine Communications Ltd

Wilhelmsen Ships Service has appointed Vidar Hole to the position of Business Director responsible for the Maritime Logistics Services portfolio. Hole will drive the design, development and launch of new offers in line with the company’s strategy and identified market and customer needs, across its range of logistics services. This includes developing new services, with particular focus on more complex logistics projects to ensure that they respond to customers’ needs. In addition…

Wilh. Wilhelmsen Reports Growth

The Wilh. Wilhelmsen ASA (WW) maritime industrial group achieved a growth of $15m in its net operating income, from $53m in the first quarter to $68m in the second quarter of 2007. Trades from Asia to North America and Asia to Europe are under particular pressure. WW's net operating profit for the second quarter came $68m, compared with $58m in the same period of 2006. Total operating income was $641m as against $664m. Profit before taxes came to $70m, compared with $51m.

Wilh. Wilhelmsen Reports Record Performance in 2006

The Wilh. Wilhelmsen ASA (WW) industrial maritime group delivered a record performance in 2006. A sales gain of roughly $83m for the Dockwise heavy transport company made a strong contribution to results for both the fourth quarter and the full year. WW's net operating profit for the fourth quarter of 2006 came to $165m, compared with $67m in the same period of 2005. Total operating income was $683m, up from $608m the year before. Profit before taxes came to $130m, compared with $21m.

Wilhelmsen Holdings Felt the Draught in Q2 2013

Operating profit in the second quarter of 2013 was down compared with the second quarter of 2012 when the shipping industry was in less troubled circumstances. Operating profit for the second quarter totalled USD 106 million (USD 139 million) based on a total income of USD 903 million (USD 972 million). Compared with the previous quarter, the operating profit was up 37% while the revenue increased 4%. The figures were down 23% and 7% respectively, when comparing with a historically strong period in the shipping segment in the second quarter of 2012. “We have seen higher activity levels in our main business segments. The major driver is a 13% increase in volumes transported deep sea.

WWH Increases Stake in NorSea Group

Image courtesy of NSG/WWH

Wilh. Wilhelmsen Holding Invest AS (WWHI), a fully owned subsidiary of Wilh. Wilhelmsen Holding ASA (WWH), informs it hs raised its shareholding in NorSea Group AS (NSG) from 35.4% to 40%. The share increase follows a share issue in the company whereby NSG buys Danbor AS from A.P. Møller Mærsk AS. “Increasing our shareholding in NSG is a natural part of our strategic ambition to broaden our exposure in the energy, offshore and maritime industry, supplementing activities Wilh. Wilhelmsen ASA and Wilhelmsen Maritimes Services,” says Nils P Dyvik, group CFO in WWH.

WW Posts 2005 Results

Wilh. Wilhelmsen ASA (WW) posted its results for 2005. Net operating profit was $232 million, while total operating income came to $2.2 billion. Profit before taxes was $209 million. WW's net operating profit for the fourth quarter of 2005 came to $67 million, with total operating income at $608 million. Profit before taxes came to $21 million, compared with $45 million in the same period of 2004. This decline is entirely attributable to a repricing, without liquidity effect, of future hedging contracts as a result of new accounting principles which reduced fourth quarter profit before taxes by $45 million. An extensive newbuilding program is being pursued by WW to secure new and modern tonnage, with 11 ships ordered by the group for delivery in 2006-09.

WW and OW Acquire HMM’s Car Carrier Division

Representatives from Wilh. Wilhelmsen ASA (WW) and Wallenius Lines AB (OW) on August 10, 2002 signed the agreement with Korea’s Hyundai Merchant Marine Co., Ltd. (HMM) on the acquisition of HMM’s car carrier division. The terms of the agreement include long-term exclusive contracts with Hyundai Motor Company (HMC) and Kia Motor Corporation (KMC) on shipping their car exports for an initial five-year period, with provision for extensions. The newly-established company, which will acquire HMM’s car carrier division, will be incorporated in Korea, with WW and OW together holding 80 percent and with HMC and KMC together holding 20 percent. The price for the acquisition will be $1.3 billion plus the assumption of future vessel charter obligations.

Wilh. Wilhelmsen sees extended Weak RO/RO Market

A Wallenius Line RO RO vessel (Wilh. Wilhelmsen)

Car and truck shipper Wilh. * Due to weak and rapid change in the market WWASA has decided to merge its companies with Wallenius, announced on September 5.

Wilh. Wilhelmsen Takes Stake in NorSea

Wilh. NSG is the leading supplier of base services and integrated logistics systems to the Norwegian oil and gas industry. Through its fully and partly owned entities NSG operates ten strategically located supply bases along the coast of Norway, including NorSea (Stavanger), Stordbase (Stord), Coast Center Base (Bergen), Vestbase (Kristiansund), Helgelandsbase (Sandnessjøen) and Polarbase (Hammerfest). “The investment follows our previously announced strategy aiming at exploring new opportunities within the  energy-, offshore- and maritime industry, supplementing the activities of Wilh. Wilhelmsen ASA and Wilhelmsen Maritimes Services AS (WMS),” says Thomas Wilhelmsen, group CEO.

WWH Q3 2013 Results Impacted by Weak Shipping Market

Photo courtesy of Wilhelmsen

Reduced volumes of high and heavy cargo and seasonally lower demand for maritime services negatively affected Wilh. Wilhelmsen Holding ASA (WWH) total income and result in the third quarter of 2013. Current activity level for group entities is expected to continue. Operating profit for the third quarter of 2013 was USD 96 million (USD 260 million) based on a total income of USD 873 million (USD 1 075 million). Income and results for the third quarter of 2012 were positively impacted by a USD 134 million sales gain related to Wilh. Wilhelmsen ASA’s downward sale of shares in Hyundai Glovis.

Wilhelmsen CEO Fends off Margin Pressure

Logistics group Wilh. Wilhelmsen Holding and its listed shipping arm, Wilh. Wilhelmsen ASA, presented an update to their strategy on Thursday. "We are very much correlated to world trade. We are a bet on the world economy. "We do see margin pressure and commoditisation in some parts of our portfolio. I don't think that is anything new in any business but we must be vigilant and dedicated to continuously adapt to the changes. "We're seeing a margin pressure that needs a little bit more proactivity from our side than earlier. "If we look at the contribution from the last five years, more of half of the contribution is coming from non-shipping related business.

Wilh. Wilhelmsen, Callenberg Win SHIPPINGInsight Award

Wilh. Wilhelmsen ASA and Callenberg Technology Group were presented the 2015 SHIPPINGInsight Award was today at the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition in Stamford, Conn. The annual award honors a shipping company and its technology partners for the implementation of an innovative technology or initiative that advanced the state-of-the-art in fleet optimization. Callenberg developed an innovative engine room energy management technology solution for Wilh. Wilhelmsen that reduced wasted energy through capacity-driven control and management of engine room ventilation systems. The Callenberg technology alters the ventilation and combustion air supply to meet the demand of fresh air to the engine room.

Wilh. Wilhelmsen Posts Strong Results

The Wilh. Wilhelmsen ASA (WW) global maritime industry group achieved a net operating income of $85m for the third quarter of 2007. The corresponding figure for the same period of last year was $70m. Operating income totalled $672m in the third quarter, up from $542m for the same period of last year. Profit before taxes was $79m, compared with $12m in the same quarter of last year. Net profit amounted to $76m as against a loss of $3m in 2006. The group achieved a total operating income of $1.9b for the first nine months, compared with $1.8b for the same period of 2006. Net operating profit for the period came to $207m, up from $202m, while profit before tax amounted to $191m as against $139m.

Wilhelmsen Acquires Unitor

Wilh. Wilhelmsen ASA (WW) reached agreement to acquire 90.4 per cent of the shares in Norway's Unitor group. This acquisition accords with WW's strategy of developing its Wilhelmsen Maritime Services (WMS) subsidiary into a leading global player in the maritime services sector. The deal has been concluded with Unitor's principal shareholders - Umoe Industri AS, the Norwegian National Insurance Scheme Fund and Odin Forvaltning. Their holdings corresponds to 90.4 percent of the outstanding shares in the company, and the agreed price is $11.36 (NOK 73.50) per share. This deal allows WW to secure the rest of the Unitor shares. The total purchase price for all the stock will be just over $2.2 billion (NOK 1.4 billion).

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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